Unite Group PLC
13 December 2007
UNITE GROUP PLC
ANALYST AND INVESTOR SITE VISIT
The UNITE Group plc ('UNITE'), the UK's largest provider of student
accommodation, will today host an event for investors and analysts in London.
Attendees will visit three UNITE properties in Central London. This will be
followed by a presentation, which will cover the following:
• Strategy overview
• A focus on UNITE in London
• Financing and business model
No new material information will be disclosed during the event.
A presentation from the visit is available on UNITE's website at:
www.unite-group.co.uk
ENDS
For further details please contact:
Tabitha Aldrich-Smith Telephone: 020 7902 5057
UNITE Group plc Email: Tabitha.aldrich-smith@unite-group.co.uk
Dido Laurimore/Laurence Jones/ Nicole Marino Telephone: 020 7831 3113
Financial Dynamics Email: dido.laurimore@fd.com / laurence.jones@fd.com /nicole.marino@fd.com
About UNITE
• UNITE is the UK's leading provider of student accommodation;
• UNITE currently operates accommodation for 38,000 students in 135
properties, geographically spread in key university markets across England,
Wales and Scotland
• The value of UNITE's completed property portfolio is estimated to be worth
£2 billion.
• UNITE has a dedicated website for students who are looking to find
accommodation at www.unite-students.com
• UNITE is a founding member of the ANUK Code of Standards for Larger
Developments, all properties are signed up to this code ensuring high
standards of accommodation, service and security.
UNITE UK Student Accommodation Fund
At the end of 2006, UNITE established the £1 billion UNITE UK Student
Accommodation Fund and sold an initial portfolio to it for £515 million. The
principal objectives of this transaction were:
• to release capital that was tied up in mature, stabilised investment
assets for investment into higher added value development activity;
• to provide UNITE with more growth capital in the medium term; and
• to diversify UNITE's sources of income by providing a new, valuable
revenue stream arising from management fees from the Fund.
The Fund helped transform UNITE's business model to that of developer of new
purpose-built student accommodation and manager of funds which own student
accommodation properties operated by UNITE and in which the Group has a
significant minority stake.
UNITE Student Accommodation, designed for students
• Dedicated on-site hospitality management team offering 24/7 support to
customers.
• A wide choice of rooms available from single studio flats for students who
want to live on their own, or, typically 5/6 bedroom flats to share with
friends.
• Common room facilities, including Sky TV and pool tables, are often used
for social events. A number of properties offer gyms exclusively for
residents' use.
• Rents and availability vary in each town/city and a variety of payment
plans are in place to suit students.
UNITE focuses on the provision and management of high quality, well-located
student accommodation and hospitality services at affordable prices in strong
higher education markets. UNITE undertakes the planning work, development and
management of sites, often working closely with the Universities and Colleges to
deliver accommodation for students across all ages and nationalities. UNITE
developments typically show high occupancy levels as demand continues to rise
for places on UK Higher Education courses and for high-quality, safe
accommodation.
This information is provided by RNS
The company news service from the London Stock Exchange
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